Q4 Earnings Snapshot 2026 – Winners, Surprises & Misses Revealed!

Verdict

AU Small Finance Bank delivered a strong Q4 FY26 performance with robust profit growth supported by healthy NII expansion and sharply lower provisions, improving earnings quality. Net NPA declined sequentially, reflecting strengthening asset quality, while quarter-on-quarter profit momentum remained solid. Overall, the results indicate improving risk metrics and a positive profitability outlook.

Verdict

Supreme Industries delivered a strong profitability-led Q4 FY26, with EBITDA, margins, and net profit beating street expectations sharply, despite revenue coming slightly below estimates. Margin expansion and operating leverage remain key positives. However, pipes segment volume growth missing guidance is a mild concern, though management’s confident FY27 outlook supports a constructive medium-term view.

Verdict

Jindal Saw reported a weak operational quarter with sharp YoY decline in EBITDA and EPS indicating margin pressure. While net profit improved YoY on a low base, sequential performance remained significantly weaker across all key metrics, suggesting slowdown in execution and profitability momentum in Q4 FY26. Short-term sentiment remains cautious unless margins recover.

Verdict

Nippon Life India Asset Management delivered strong year-on-year growth across revenue, EBITDA, net profit, and EPS, reflecting healthy expansion in AUM-linked income and operating leverage . However, the mild QoQ dip in profit and EPS suggests short-term margin normalization despite continued revenue momentum. Overall, the structural trend remains positive for the asset-management cycle with sustained operating strength.

Verdict

Bajaj Housing Finance delivered steady double-digit YoY growth across revenue, EBITDA, and net profit, reflecting strong lending momentum and stable margins. However, QoQ growth remained largely flat, indicating consolidation after earlier expansion quarters. Overall, the structural trend remains positive, though the near-term growth pace appears moderate.

Verdict

Avantel reported strong revenue growth both year-on-year and quarter-on-quarter, reflecting healthy order execution momentum. EBITDA also improved during the quarter, though net profit declined on a YoY basis, indicating margin pressure or higher costs over the year. However, the sharp QoQ recovery in net profit and EPS signals improving profitability trends heading into FY27. Overall, the quarter remained operationally strong with mixed bottom-line performance.

Verdict

ICICI Securities delivered steady year-on-year growth across revenue, EBITDA, and net profit, reflecting resilient core business performance. However, the quarter-on-quarter decline in profitability indicates softer capital market activity and normalization after a strong previous quarter. Overall, earnings remain stable with moderate near-term momentum but structurally healthy trends.

Verdict

Aye Finance delivered a strong quarter with robust growth across all key metrics. Profitability more than doubled both YoY and QoQ, indicating sharp margin expansion and improving operating leverage. The consistent rise in sales along with accelerated earnings momentum signals improving business traction and a positive near-term outlook.

Verdict

Varun Beverages delivered strong year-on-year growth across revenue, EBITDA, net profit, and EPS, supported by healthy volume expansion and improving operating leverage. The sharp quarter-on-quarter surge reflects seasonally strong summer demand momentum. Overall performance remains robust; however, elevated valuations (PE ~55x) indicate that expectations of sustained high growth are already largely priced in.

Verdict

SBI Cards delivered steady profit growth driven by improved earnings efficiency, with net profit and EPS rising both YoY and QoQ. However, topline growth remained modest and EBITDA declined slightly, indicating margin pressure and slower spending momentum in the quarter. Overall, results reflect stable but mixed operating performance, with profitability stronger than revenue trends.

Verdict

Websol Energy delivered exceptionally strong Q4 FY26 results with triple-digit YoY growth in sales and profitability. The sharp QoQ jump in net profit and EPS indicates operating leverage benefits and strong demand momentum in the solar segment. Overall, results signal high earnings acceleration and improving margins, supporting a positive near-term business outlook.

Verdict

Adani Total Gas delivered steady revenue growth supported by volume expansion, but profitability remained largely flat sequentially with slight QoQ softness in EBITDA and PAT. The modest 4% YoY earnings growth versus 16% sales growth indicates margin pressure. With a high PE of 109.7, future upside will likely depend on stronger margin expansion and continued network scaling momentum.

Verdict

Piramal Finance reported strong YoY profitability recovery, with net profit jumping sharply due to a low base effect and operational normalization. Revenue momentum remained healthy, but QoQ EBITDA declined significantly, indicating margin pressure in the latest quarter.

EPS expansion looks dramatic YoY largely because of last year’s depressed base. Adjusting for exceptional items, earnings quality should be interpreted cautiously. Overall, results signal improving profitability trend but mixed operating efficiency sequentially—neutral to mildly positive from a trader’s perspective.

Verdict

Rossari Biotech delivered a strong quarter with healthy profit-led growth 📈. While revenue growth remained steady, margin expansion supported sharp improvement in net profit and EPS both YoY and QoQ. The sub-20 PE valuation alongside improving profitability suggests positive operating momentum with scope for re-rating if growth sustains.

Verdict

Embassy Office Parks REIT reported steady revenue growth with strong YoY EBITDA expansion, indicating operational improvement at the asset level. However, sharp deterioration in net profit and EPS, both QoQ and YoY, signals pressure from non-operating factors such as finance costs, fair-value adjustments, or one-offs. Overall, operating performance remains stable but bottom-line volatility keeps the near-term outlook cautious.